brexit vote

Margin Increase due to Brexit Vote

We would like to bring your attention to the Brexit vote taking place on 11th December, which is critical for the future of the UK, the economy, and the Pound Sterling. The UK House of Commons has begun its lengthy debate on the Brexit agreement that Prime Minister Theresa May reached with the European Union.…

Multiple Themes in Markets

The markets were driven by multiple themes last week. Dollar ended up broadly higher as supported by hawkish FOMC minutes and rebound in treasury yields. However, it’s outshone by New Zealand and then Australian Dollar. Kiwi was boosted by stronger than expected CPI. Meanwhile, the Aussie was pulled up by iron ore prices, which countered…

G7 to Fed Hike and ECB Judgement Day

While trade tension between the US and its allies dominated the headlines last week, Euro emerged as the strongest major currency. Receding Eurozone internal political risks was a key factor. German 10 year bund yield hit as high as 0.52, comparing to 0.186 low just two weeks ago, before closing at 0.45. Expectation of a…